Swedish club Tyresö reportedly in financial trouble

Swedish power and UEFA Champions League quarterfinalists Tyresö are reportedly being audited and headed for bankruptcy, according to a report out of Stockholm.

The club’s tax debt sat at over $237,000 USD on Friday, according to Swedish news site Mitti. Club chairman Hans Lindberg says the news comes as a result of lost sponsorship revenues and the cost of a new grandstand at their stadium.

Tyresö play Austrian club Neulengbach in the Champions League quarterfinals on March 23 and March 29. It is unclear if this news will have any effect on the club’s Champions League campaign.